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JOHNSON CATTLE CO. v. IDAHO FIRST NAT. BANK

No. 15968.

716 P.2d 1376 (1986)

110 Idaho 604

JOHNSON CATTLE COMPANY, INC., Plaintiff-Appellant-Cross Respondent, v. IDAHO FIRST NATIONAL BANK, a National Banking Corporation, Defendant-Respondent-Cross Appellant.

Court of Appeals of Idaho.

April 1, 1986.

Attorney(s) appearing for the Case

Gerald L. Weston, Gigray, Miller, Downen & Weston, Caldwell, for plaintiff-appellant-cross respondent.

Terrence R. White, White, Ahrens, Peterson & Perry, Nampa, for defendant-respondent-cross appellant.

BURNETT, Judge.

This appeal presents issues concerning the parol evidence rule and the statute of frauds. The case focuses upon an oral contract allegedly formed by an exchange of promises by the Johnson Cattle Company and the Idaho First National Bank. Johnson Cattle claims that the bank agreed to lend money to a tenant farmer on land that Johnson Cattle owned. In return, Johnson Cattle subordinated its security interest in the tenant's crops, giving the bank a priority...

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